12/07/2021: Today’s Banking / Financial News at a Glance:- 1.) Govt. extends deadline for transaction, legal advisors to bid for managing IDBI Bank sale till July 22 : The government has extended the deadline for transaction and legal advisors to bid for managing the IDBI Bank strategic sale by 9 days till July 22. The …
Banking and Financial News of 12th July 2021 at a Glance Read More »
No extension of the Financial Year : There is a fake news circulating in some section of media that the financial year has been extended. A notification issued by Govt of India on 30.03.2020 with respect to some other amendments done in Indian Stamp Act is being misquoted. There is no extension of the financial …
NO EXTENSION OF FINANCIAL YEAR : CLARIFIES FINANCE MINISTRY Read More »
As per Income Tax Act ; TDS is to be deducted when the payment is made or when the amount is credited in the Books, whichever is earlier. So, The TDS Provisions are very clear that if any amount of Expense is charged to Profit & Loss account which attracts TDS deduction, TDS has to …